UK to partner Enugu govt for mutual economic benefits

UK to partner Enugu govt for mutual economic benefits

The UK and Enugu State Governments have resolved to partner for mutual economic benefits. The resolution was made when the British High Commissioner to Nigeria, Richard Montgomery, visited Governor Peter Mbah of Enugu State at the Government House Enugu on Tuesday. Mr Montgomery, during the visit, expressed his support for the investment and economic growth drive of the new administration in the state.

He recalled that the UK had partnered the Enugu Government for over 20 years on issues like public health sector reforms, education and power sector reforms, among others. “So, we are interested in continuing that partnership. I have been reading the press and the ways you have been seeking to already put your stamp on reforms and your ambitions for the state.

“I am here to listen, learn, and understand more about your priority and that of your new Government to explore areas of further collaboration,” he said. We really hope that the South-east and Enugu State will see more opportunities coming from the economy in the coming years. There might be some short-term pressures and volatility to manage, but we can see the prospects for a higher growth path for Nigeria.

"The UK is very interested in exploring partnerships on trade and investment and I have come to Enugu to understand your agenda and to explore those areas of potential partnership going forward," Mr Montgomery added. Responding, Mr Mbah, told the British High Commissioner that the state was eager to take back its preeminent place in economic development in Nigeria.

"We have also shared an ambitious vision to the people of Enugu State on where we could get to in terms of our economy. One of the things we said to them is our ambition to transform Enugu to become a premier destination for investment, business, living and tourism. And we also have plans to eradicate poverty in the state, which is currently higher than the national average,"the governor said. "This is why your visit to us today is quite remarkable because we believe it is not a journey we can go alone. We need partnerships. We need collaborations in order to achieve that. Interestingly, we have a history of partnership with the UK, just as you have alluded to," he stated.

Peter Mbah

Enugu targets $2b from diaspora investment

Governor Peter Mbah of Enugu State, yesterday, said his administration has concluded arrangements to host a Diaspora and Investment Forum (ES-DIF) to raise at least $2 billion additional investments to the state.

Addressing journalists in Enugu, Mbah stated that the forum, billed to hold in April next year, is part of promises he made to the people during his swearing in, adding that he had planned to raise revenue from N4.4 billion to N30 billion.

The governor stated that he would hold an investment and economic stakeholders’ roundtable in September as a precursor to launch of the first edition of ES-DIF.

He added that the forum would be a multi-stakeholder, fully transactional platform to match project sponsors, domestic and international financial institutions and private investors, including the diaspora community and development partners, to viable investment opportunities in the state.

Mbah explained that his administration has made concerted efforts to identify commercially viable investment and business opportunities that cut across multiple sectors, including energy, agribusiness, tourism and transport, as well as the data centre economy.

Peter Mbah

British High Commission set to partner Enugu govt to boost trade relations

The British High Commissioner to Nigeria Dr. Richard Montgomery gave the words of assurance during a visit to Enugu, said the partnership would be done through diverse business investment and wealth-creation initiatives.

The British High Commissioner who earlier had an executive session with the National Executive Council of Ohaneze Ndigbo Worldwide, identified key multi Lateral parameters the United Kingdom would want to Partner the state Government.

The Host Governor Peter Mbah emphasizes the readiness of the state Government to explore mutual benefits with the British Government in the area of power generation, technological transfer, business exchange and restoration of former Visa facilitation service center to Enugu state.

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